Array Technologies Variance
| ARRY Stock | | | USD 7.75 0.51 7.04% |
The Variance indicator for Array Technologies is derived from observed market data. Some instruments may report limited inputs depending on trading history. Array Technologies has a market cap of 1.03 B, operating margin of -7.9%, current ratio of 1.7. See
Trending Equities for additional portfolio context. Array Technologies can be tracked within a custom portfolio for ongoing monitoring. Allocation tools help determine appropriate position sizing. Broader economic conditions can influence Array Technologies's company valuation — related indicators include
signals in real.
Our
How to Trade Array Technologies guide. The guide covers key considerations relevant to Array Stock order placement. It provides context that complements the data on this page for Array Technologies.
Array Technologies has current Variance of 34.72. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 34.72 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Array Technologies is rated
second in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
1.30 of Maximum Drawdown per Variance. At
1.30 , Array Technologies's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
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Other Technical Indicators